Watertight Door Market
Watertight Door Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Nov - 2021
VMR-2021-0223
Segments Covered
By
Type Hinged Watertight Doors, Sliding Watertight Doors
-
By
Source Hydraulic Watertight Doors, Electric Watertight Doors
-
By
Type of Vessel Commercial, Oil & Chemical Tankers, Bulk Carriers, General Cargo, Offshore Vessels, Passenger Ships & Ferries, Mega Yachts and Other Vessels, Military, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
245.63 Million |
 Revenue 2028:
|
698.03 Million |
 Revenue CAGR
(2021 - 2028): |
6.29 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type Analysis: Preview On the basis of Type,
the market is segmented into Hinged Watertight Doors, Sliding Watertight Doors. Sliding Watertight Doors held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Sliding Watertight Doors
in emerging economies in Asia Pacific region. Source
Analysis: Preview
Based on Source,
the market is segmented into Hydraulic Watertight Doors, Electric Watertight Doors. Hydraulic Watertight Doors accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Watertight Door Market: Type Segment Analysis
-
- Hinged Watertight Doors
- Sliding Watertight Doors
Global Watertight Door Market: Source Segment Analysis
-
- Hydraulic Watertight Doors
- Electric Watertight Doors
Global Watertight Door Market: Type of Vessel Segment Analysis
-
- Commercial
- Oil & Chemical Tankers
- Bulk Carriers
- General Cargo
- Offshore Vessels
- Passenger Ships & Ferries
- Mega Yachts and Other Vessels
- Military
- Others
FAQ
Frequently Asked Question
What is the global demand for Watertight Door in terms of revenue?
-
The global Watertight Door valued at 245.63 Million in 2020 and is expected to reach 698.03 Million in 2028 growing at a CAGR of 6.29%.
Which are the prominent players in the market?
-
The prominent players in the market are MML Marine Limited, REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o., IMS Groups, AdvanTec Marine, SeaNet SA, Westmoor Engineering Ltd., Baier Marine Company Inc., Van Dam B.V., Ocean Group, Winel B.V..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.29% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Watertight Door include
- Watertight doors a prevent the ingress of water from one compartment to another during flooding or accidents and therefore act as a safety barrier, it limits the spread of water inside the ship. Increasing significance and criticality of marine surveillance through maritime naval patrol vessels has positively impacted demand for watertight doors.
- Tourism is one of the world's fastest growing industries and an important source of foreign exchange and employment, Coastal tourism is also growing nowadays, while being closely linked to the social, economic, and environmental well-being of many countries, especially developing countries, which is further driving the demand.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Watertight Door in 2020.
